Defending What Matters Most

Posts tagged "former spouse"

On behalf of Fawell & Fawell posted in Alimony on Wednesday, January 14, 2015.

Being ordered to send monthly spousal maintenance payments may be a hindrance for some former spouses because they want to be free of any reminders of their former marriages. Others might simply be worried about accidentally missing a payment. Those who are divorcing in Illinois and are negotiating spousal maintenance could avoid monthly payments by paying it all in a lump sum.

On behalf of Fawell & Fawell posted in Alimony on Friday, January 24, 2014.

In recent years, the concept of spousal support - better known as alimony - has come under attack by those who feel that society has outgrown the system. Spousal support is a legal agreement by which one spouse (in about 95 percent of cases, the male) is asked to pay a certain amount of money each month to his or her former spouse.

On behalf of Fawell & Fawell posted in Alimony on Monday, July 15, 2013.

In an Illinois divorce, an Agreed Preliminary Injunction, or API, can require that the divorcing parties set up a shared bank account into which income should be deposited. Funds can then be allocated to the proper recipients, and this kind of agreement may be especially useful in a high-asset divorce.

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